Most of the population, especially the youth, are struggling financially as a result of Nigeria’s deteriorating economy. Fortunately, some federal government empowerment programs in Nigeria have been beneficial. The following is a list of some youth empowerment initiatives in Nigeria for 2022.
A comprehensive summary of some youth empowerment initiatives in Nigeria for 2022 is provided in this article.
This 2022, there are more than 200 million people living in Nigeria. Young people between the ages of 18 and 29 make up about 34 million of this population.
Nigeria’s GDP was approximately $448.12 billion as of 2019 according to Statista. It is anticipated to reach $769.28 billion. In spite of this, the World Bank estimates that 7.4% of Nigerians live in poverty.
The rate of crime has dramatically increased as a result of the nation’s lack of employment possibilities. While it is true that unemployment is not a justification for crime, we cannot deny the fact that many young people have turned to unlawful means of earning a living as a result.
The government and private persons have developed a variety of initiatives, including those that help young people develop their skills and become self-sufficient, in an effort to combat the problem of unemployment.
The youth empowerment programs in Nigeria are designed as support networks for those young people in the country who require financial assistance.
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List of Federal Government Empowerment Programs in Nigeria
Here are the federal government empowerment programs in Nigeria
- Youth Enterprise with Innovation in Nigeria (Youwin)
- Tony Elumelu Foundation Entrepreneurship Program
- Youth Empowering People (YEP)
- Graduate Internship Scheme (GIS)
- African Youth Empowerment Nigeria (AYEN)
- Youth Initiative For Sustainable Agriculture in Nigeria (YISA)
- Presidential Youth Entrepreneurship Support (P-YES)
- Youth Empowerment and Development Initiative (YEDI)
N- Power is one of the federal government empowerment programs in Nigeria. A program for youth empowerment called N-Power was launched in 2015 while President Muhammadu Buhari was in office.
Youths can work and earn money thanks to N-structure Power’s for skill development as well as personal and career development.
The equitable allocation of resources to disadvantaged residents, especially young people, is one of N-goals. Power’s Its recipients receive N30,000 in monthly stipends and employment training.
The graduate category and the non-graduate category are the two divisions of N-Power.
Programs like N-Power Agro, N-Power Teach, N-Power Health, and N-Power Tax are included in the N-Power graduate category. The non-graduate programs include Knowledge and N-Power Build.
To allow for practically every qualified person for each group, the N-Power program was divided into three categories.
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2. Youth Enterprise with Innovation in Nigeria (Youwin)
This is one of the federal government empowerment programs in Nigeria. Youwin is a youth development and empowerment program similar to N-Power that aims to empower young Nigerians. It was started by the Goodluck Jonathan government.
Businesses or individuals with strong business strategies might receive financial assistance from Youwin. It helps aspirant business owners achieve their objectives.
Youwin provides grants as a means of empowerment. The Corporate Affairs Commission requires that each beneficiary have a business plan for a firm that is registered with them (CAC).
3. Tony Elumelu Foundation Entrepreneurship Program (TEF)
This is another federal government empowerment programs in Nigeria on our list. Unlike Youwin and N-Power, TEF is a privately owned empowerment initiative that was started by Tony Elumelu, one of Nigeria’s wealthiest businessmen.
Tony Elumelu is a well-known business entrepreneur with a potential net worth of $700 million. In order to inspire young African entrepreneurs to develop original company concepts, he established their multicycle empowerment program. He goes even farther by providing them with grants to help them realize their company ideas.
Entrepreneurs who competed and were chosen get a seed fund of $5000 after submitting business plans (approximately 2 million naira).
4. Youth Empowering People (YEP)
Another federal government empowerment programs in Nigeria is the youth empowering people. A youth empowerment initiative called YEP encourages entrepreneurship, employment, and skill development. It has helped many young people develop their own businesses.
This program has influenced the mentality of the nation’s youth, especially those in the Niger Delta. It has helped youth find employment, which has lowered the unemployment and poverty rates.
5. Graduate Internship Scheme (GIS)
This is one of the federal government empowerment programs in Nigeria. As its name suggests, GIS is an internship program that aims to help graduates who are struggling to find employment after leaving a high school or college.
The Federal Government of Nigeria fully sponsored the creation of GIS in 2012. Every year, it provides empowerment to roughly 50,000 graduates in Nigeria.
GIS aims to empower youth, increase Nigeria’s manpower, and give young Nigerians a promising future. These are its three main objectives.
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6. African Youth Empowerment Nigeria (AYEN)
African youth empowerment Nigeria is another federal government empowerment programs in Nigeria. Youth empowerment programs like AYEN help young people grow and develop so they can contribute to society in a useful way.
Workshops, seminars, and vocational programs are just a few of the programs offered by African Youth Empowerment Nigeria.
Along with training, AYEN provides young people with financial and educational support, ensuring that they attend school and are enrolled in their classes. They rely on nearby donors and cooperating businesses.
TraderMoni is one of the federal government empowerment programs in Nigeria. This empowerment program is also supported by the Nigerian federal government. By giving entrepreneurs interest-free loans, it empowers business owners.
As a result, you can obtain loans through the TradeMoni program without worrying about interest rates (as the programme is not for profit-making).
Additionally, there is no requirement for collateral when applying for a loan. Up to 5 million Nigerians can get funding for a business startup with TraderMoni.
8. Youth Initiative for Sustainable Agriculture in Nigeria (YISA)
This is one the federal government empowerment programs in Nigeria. YISA aspires to involve young people in agriculture since it recognizes that it is one of the most profitable businesses one can operate.
Young people who are starting out in the agriculture production industry are so encouraged by the YISA program.
By providing young people with the essentials they need to start a business in agriculture, YISA encourages them to pursue careers in the sector.
9. Presidential Youth Entrepreneurship Support (P-YES)
This is another federal government empowerment programs in Nigeria on our list. The Presidential Young Entrepreneurship Support is another program established to combat unemployment in the nation and encourage youth entrepreneurship.
Together with the minister of youth and student affairs, the Bank of Industry (BOI) executes this program. Young people are trained through the program, and loans are given to them to launch small and medium businesses.
The P-YES program has an age restriction for participation. The age range for recipients must be between 18 and 35. You will be required to present a legitimate form of identification as well as an official letter of recommendation.
10. Youth Empowerment and Development Initiative (YEDI)
This is one of the federal government empowerment programs in Nigeria. For Nigerians, YEDI is a program for youth empowerment. It was established in 2011. CSI+, a provider of consultation services, is affiliated with YEDI.
YEDI is incorporated into the CSI+ initiative, which uses sports as a means of empowering young people while providing consultancy services to corporate and international organizations on social investments. The beneficiaries are sports enthusiasts between the ages of 10 and 24.
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